Category: Global Debt Crisis 2019

Friday, May 03, 2019

In the Great Recession, authorities faced enormous pressure to “do something.”

Letting nature take its course may well have been the best strategy. But it couldn’t happen that way in our political system. They had to act.

In 2008–2009, we got things like TARP—the Troubled Asset Relief Program that used $431 billion of your money to buy loans that banks no longer wanted on their books.

What we now forget is that TARP helped banks that weren’t even banks before that point. Goldman Sachs, Morgan Stanley, and numerous other broker-dealers and insurers hurriedly got bank charters specifically so they could be part of TARP.

Wednesday, February 06, 2019

For almost 40 years, we’ve lived in an era of low rates and easy money. It let governments and businesses worldwide run up piles of debt.
Global debt could easily reach $500 trillion in a few years. And yet everyone acts like that is normal and can continue.

Just like subprime mortgage debt triggered the last recession, corporate debt will trigger the next one. This will start a liquidity crisis and create havoc in all sorts of “unrelated” markets.

Sunday, December 16, 2018

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up the one and only Gerald Celente joins me to talk about the upcoming trends for 2019 both geopolitically and economically. Gerald breaks down the chaos in Europe, tells us whether or not major protests are likely to break out here in the states and shares his outlook for the metals. Don’t miss a tremendous interview with Gerald Celente, publisher of the Trends Journal and top trends forecaster in the world, coming up after this week’s market update.

Well, as Democrat leaders face off against President Donald Trump over the federal budget, bulls and bears in the gold and silver markets are facing off at key price levels.

The gold market attempted to rally above the $1,250 level this week but ran into some selling pressure. As of this Friday recording, gold prices come in at $1,236 per ounce, off 1.0% for the week.

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